Top Cannabis Security Risks Within the Industry

If you run your own cannabis business, you may be wondering what cannabis security risks you should look out for and whether getting CA cannabis industry insurance would be right for you. Cannabis business owners may be vulnerable to several day-to-day risks, including theft by employees, robberies at brick-and-mortar store locations, and theft or fraud by delivery workers. However, many cannabis store owners may not have proper measures to mitigate these risks and protect their businesses as much as possible. Whether you already have cannabis insurance or you’re still searching for the right legal protections, there are a few things you should know about the top security risks currently facing the cannabis industry and what you can do to protect your company.

Lack of Employee Training

Whether you already have CA cannabis industry insurance or not, poorly trained employees or a lack of defined company protocol can harm your workplace safety. For example, allowing employees to continually enter and exit the workplace without checking their bags can lead to unwanted theft and merchandise loss from within the organization. To prevent this, consider implementing more employee protocols. This can include everything from check-in and check-out processes to giving employees company work clothes that have to be left on-site. In some cases, you may need to prove you have such protocols in place to qualify for California cannabis insurance requirements.

Poor Security Systems

If you don’t have a tag and alarm system or security cameras installed, you may be leaving your business vulnerable in the event of a robbery. Additionally, only covering part of your premises with security measures leaves the rest of the building vulnerable as well. To combat this, consider installing comprehensive systems from experienced companies that understand your situation. You may want to get a unique system tailored to your location.

Failure To Comply With Insurance Requirements

Finally, ensure that your company is complying with all insurance requirements if you’re already insured. If you fail to meet specific standards, you may disqualify your company from getting paid for damages. You may want to add a staff member who’s in charge of overseeing compliance issues.

While owning a cannabis store can be a rewarding business venture, it also comes with many security risks, including potential employee theft and retail robberies. To protect yourself, your business, and your employees, you may want to consider taking safety measures like getting CA cannabis industry insurance, installing security cameras, and providing additional employee safety training. Extra precautions put in place now can help keep your business safe and legally protected in the case of emergency later on.

About CannGen Insurance Services

For more information about our comprehensive insurance solutions for the cannabis, CBD, and hemp industries, please visit our website at www.canngenins.com or email marketing@canngenins.com.